Markets and Investing
Sheng Siong Group stays ‘recession-proof’
Its stock rallied 47% above IPO price of $0.33 since its trading debut last month.
Sheng Siong Group stays ‘recession-proof’
Its stock rallied 47% above IPO price of $0.33 since its trading debut last month.
SingTel’s earnings to drop 2% in FY12
Phillip Capital says the marginal decline in profits will mainly be due to competitive threats facing the company, particularly from fibre broadband.
Starhub could have lowest net debt among local telcos in FY11
Phillip Securities also expects Starhub to increase profits by 20% year-on-year.
M1 needs to up its game to stand some competition, warns analyst
M1 could have a retail broadband revenue market share of a mere $85m compared to SingTel’s $400m and Starhub’s $240m.
NOL’s share price sinks 50%
DBS says the industry supply-demand gap looks more balanced at this point, compared to the last crisis in 2008-09.
Cache Logistics Trust offers most attractive yields of 8%
And CWT is Cache’s main sponsor and master tenant for the bulk of its portfolio.
Ezra Holdings to issue SGD dominated perpetual securities
OCBC calls it an ‘opportunistic’ deal and estimates the issue to be around US$100m.
Ban on Indonesian coal exports to have little impact on Noble
The Ministry of Energy and Mineral Resources is proposing a ban on Indonesian coal exports with calorific value of less than 5,700 kcal.
ST Engineering stays strong with S$1.43b worth of orders in 2011
CIMB says ST Engineering’s net cash of S$220m is a plus in these tough financial times.
Singapore offshore & marine companies suffer from worst sell off since 2008
Keppel, Sembcorp Marine and Sembcorp Industries fell 22-29% since the end of July.
Decent dividend: Tech sector’s yield to be sustainable at 7.8%
OCBC says tech companies have been gravely affected by the sharp depreciation of the USD against the SGD, as most of their sales are in USD.
Rotary Engineering's order book trending downwards since 2010
At S$737m as of 1H11, OCBC believes the current order book mitigates only part of the downside risk of demand falling off.
Asian Liquidity Stress Index drops to record low of 9.7% in August
The index has been between 11% and 13% since the start of the year, and was at 11.4% in July.
EpiCentre’s H2 2011 sales dragged by iPad2’s late launch
It was only out on 27Apr11 hence only two months sales contribution.
Starhill to appeal against Court decision on Toshin master lease
Starhill’s master lease with Toshin covers level 1-4 of Ngee Ann City at below-market rentals of $12-13 psf.
Safe and sound: S-REITs resilient amidst market volatility
DBS says retail REITs’ earnings should continue to grow in the coming months due to positive consumer confidence.
Kian Ann Engineering’s earnings up 27.7% to $4.3m in 4QFY11
DMG now expects FY11 and FY13 earnings to hit S$19.1million.
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